Atlas Engineered Products Ltd. (CVE:AEP) Director Mohammad Hadi Abassi Buys 16,500 Shares

Atlas Engineered Products Ltd. (CVE:AEP) Director Mohammad Hadi Abassi bought 16,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of C$1.20 per share, for a total transaction of C$19,800.00.

Atlas Engineered Products Trading Down 0.9 %

CVE AEP opened at C$1.14 on Friday. The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16. Atlas Engineered Products Ltd. has a one year low of C$0.93 and a one year high of C$1.70. The company has a 50-day simple moving average of C$1.27 and a 200-day simple moving average of C$1.33. The firm has a market capitalization of C$67.40 million, a PE ratio of 16.29 and a beta of 1.13.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Cormark reduced their target price on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th. Ventum Financial cut their price objective on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday. Finally, Raymond James set a C$2.25 price objective on shares of Atlas Engineered Products and gave the company a “strong-buy” rating in a research report on Thursday, September 12th.

About Atlas Engineered Products

Atlas Engineered Products Ltd. engages in the design, manufacture, and sale of engineered roof trusses, floor trusses, and wall panels in Canada. The company offers floor joists and floor panels; and design, engineering, permitting, project management, and site assembly services. It also distributes a range of engineered wood products for builders of residential and commercial wood-framed buildings, including single-family homes, townhouses, multi-story wood-framed residential buildings, commercial buildings, and agricultural structures.